Z Capital Said to Explore Sale of Sports Information Group

Z Capital Group is exploring strategic alternatives including a sale of Sports Information Group LLC, the owner of horse-racing data and media platform Daily Racing Form, according to people with knowledge of the matter and a document sent to prospective buyers reviewed by Bloomberg.

Potential buyers include Penn National Gaming Inc., DraftKings Inc. and Flutter Entertainment Plc, said one of the people, who requested anonymity because the information is private. The company could fetch more than $350 million, the person added.

Sports Information Group is working with Macquarie Capital, the advisory arm of Macquarie Group Ltd., to ...